Business
Variation of lock-up arrangements
Variation of lock-up arrangements.
About this update from London Stock Exchange Group Plc
[{"type":"text","content":"\n\nLondon Stock Exchange Group plc\nFOR IMMEDIATE RELEASE\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\n14 May 2024\n***\nVariation of lock-up arrangements\nLondon Stock Exchange Group plc (\"LSEG\" or the \"Company\") notes the announcement by York Holdings II Limited (\"York Holdings II\") and York Holdings III Limited (\"York Holdings III\" and together with York Holdings II, the \"York Entities\") (entities owned by BCP York Holdings (Delaware) L.P. (an entity owned by a consortium of certain investment funds affiliated with Blackstone Inc. and including an affiliate of Canada Pension Plan Investment Board, an affiliate of GIC Special Investments Pte. Ltd. and certain other co-investors) (\"BCP York\"), Thomson Reuters and certain other minority holders) (BCP York and the York Entities together, the \"Consortium\") in relation to a proposed placing of LSEG shares to institutional investors (the \"Placing\").\nIn accordance with LR 9.6.17R of the Listing Rules, LSEG notes that it has agreed to waive the lock-up arrangements contained in the Relationship Agreement entered into on completion of the Refinitiv transaction (the \"Relationship Agreement\") with respect to all outstanding shares in the Company held by the Consortium, including to enable the sale of LSEG shares in connection with the Placing.\nLSEG further notes that, on completion of the Placing, the Relationship Agreement will terminate in accordance with its terms. Further details of the Relationship Agreement can be found at pages 65-70 of the prospectus published by the Company dated 9 December 2020, which is available on the Company's website at https://www.lseg.com/investor-relations/reports-results-and-ma/acquisition-refinitiv.\n \n \n- Ends -\nFor further information, please contact:\n\n\n\n\nLondon Stock Exchange Group plc\n\n\n\n\n\n\n\nLucie Holloway, Rhiannon Davies (Media)\n\n\n+44 (0)20 7797 1222\[email protected]\n\n\n\n\nPeregrine Riviere (Investors)\n\n\n\n\n \n \n \n \n \n \n \n \n \n \n\n","length":4655,"tagName":"div"}]